The Comparative Analysis of Macro Economic Reasons and Consequences of Crisis in 1929 and 2008

Journal of Qafqaz University, No. 30, p. 45, 2010

18 Pages Posted: 2 Nov 2012

See all articles by Osman Nuri Aras

Osman Nuri Aras

Nile University of Nigeria

Elchin Suleymanov

Baku Engineering University - Department of Finance

Date Written: 2010

Abstract

This work comprises the comparative analysis of macro economic reasons and consequences of world economic crisis happened in 2008 which affected the economy of the world and the 1929 crisis the biggest that ever happened in the world. It is obvious that both of crises have common and different features from the macro economic reason and consequence point of view. It is seen that the common features are based on the same mistakes concerning market economy. The differences between these crises are lying on the volume, type and meaning of economic relations from 1920 to 2008.

Note: Downloadable document is in Azerbaijani.

Keywords: 1929 Crisis, 2008 Crisis, Macro economic reasons, Macro economic effects

JEL Classification: E20, E23, E24, E29.

Suggested Citation

Aras, Osman Nuri and Suleymanov, Elchin, The Comparative Analysis of Macro Economic Reasons and Consequences of Crisis in 1929 and 2008 (2010). Journal of Qafqaz University, No. 30, p. 45, 2010. Available at SSRN: https://ssrn.com/abstract=2169270

Osman Nuri Aras

Nile University of Nigeria ( email )

Abuja
Nigeria

Elchin Suleymanov (Contact Author)

Baku Engineering University - Department of Finance ( email )

Baku Sumgait Road 16th km. Hasan Aliyev Str. 120
Baku, AZ0101
Azerbaijan

HOME PAGE: http://beu.edu.az/en/staff_directory/staff/elsuleymanov

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